Mangalam Organics Ltd. Detail
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Mangalam Organics Limited is in portfolio of Subramanian P. He is one of the top investors in India. The company belongs to Chemical sector.
As per the Company website it was known as Dujodwala products limited. The name is changed now to Mangalam Organics limited. It is manufacturer of Camphor, Resin and Sodium Acetate .
It is a government recognized export house with customers in Europe, USA, Africa and the Middle East .
The registered office is located in Mumbai Maharastra. The Sales office is located across India in major cities like Kolkata, Delhi, Chennai, Hyderabad and Bangalore.
The manufacturing plant is located in Raigarh Maharastra on Pune Mumbai Expressway area. Product line is divided into 3 categories Terpene products, Resin products and Mangalam camphore tablets.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Mangalam Organics Ltd. Stock Performance
People will get tempted and straight way invest in the stock looking at above chart. It looks chart of any other stock from year 2002 when it was trading at 4 INR mark to year 2017 when it was trading at around 30 INR mark giving 7 times return in past 15 years.
But it went crazy in last one year period moving from 30 odd levels to near 600 giving 30 times return. This is some crazy run by the stock. If you compare 2002 levels with current level then also stock has given 90 times return in these years which is exceptional by any standard.
Last one year has turned this stock into a Multi bagger. At current market price also it is giving dividend of .25%. If you consider 2002 price then at current market price you are getting 20% dividend which is exceptional.
Mangalam Organics Ltd. My Opinion
It is the only company I came across (there may be one or two more companies not more than that) which deals with Camphore. This makes it unique company in its own right.
Broadly the company is in chemicals sector.Largely the Camphore is unorganized. Small unlisted players and companies are selling it. It is used as Puja items and have medicinal usage as well.
I will advice you not to invest in the Company right away. Every company after frenzy run does into consolidation mode or worst goes down the hill making investors investing at the top poorer by good deal. It may be very tempting but thorough analysis of last one year run should be analyzed.
I will be adding this stock to my watch list to get an idea of crazy run it has recently. I will not be adding it to my portfolio as I have other Chemical stock in it and I am not considering to increase exposure in the sector.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.